Can You Get Free Bitcoins?
If you do a search for free bitcoins, you will be deluged with great offers to earn bitcoin by visiting websites or playing online games. There are suggestions that you start mining. After all, everyone knows that miners get great payouts. First of all, most of the places that recommend joining sites where you earn bitcoins for watching videos, visiting websites, or any of the usual online low-paying schemes pay in satoshis. What is a satoshi? It’s the smallest unit of bitcoin that gets to be recorded in the blockchain. What is it worth? One hundred millionth of a bitcoin (0.00000001 BTC). What does this mean in terms of dollars? It converts to $0.0000824865 USD. This is on a day when a bitcoin is worth about $8,300. It’s a fraction of a cent. If you had a thousand satoshi, you would have 8 cents. Be careful before you enter into the world with enticing suggestions that you can earn bitcoin. If it seems too good to be true, then it likely is too good to be true. About...